Supervalu to sell Total Logistic Control
MINNEAPOLIS — Supervalu on Wednesday announced that it has entered into a stock purchase agreement for the sale of Total Logistic Control — a wholly owned subsidiary that provides logistics and supply chain management solutions to manage distribution, warehousing and transportation operations for food, beverage and consumer packaged goods companies — to Ryder Integrated Logistics.
Subject to closing conditions and regulatory approvals, the sale is expected to close Dec. 31.
"TLC has been a strong and growing part of our supply chain services organization," stated Janel Haugarth, Supervalu EVP, president and COO of supply chain services. "Today’s announced acquisition of TLC by Ryder positions TLC to become part of a company that will take them to the next level of expansion and growth in their field of expertise servicing CPG companies. Supervalu will continue to focus its efforts on becoming America’s Neighborhood Grocer, and providing supply chain expertise and services to our independent and owned stores."
Additional details regarding the terms of the agreement were not disclosed.
Study shows 50% reduction of myeloma among patients
ANN ARBOR, Mich. — A new three-drug combination may work as a front-line treatment for cancer of the plasma cells, according to an early-stage clinical study.
Researchers at the University of Michigan Comprehensive Cancer Center combined Onyx Pharmaceuticals’ drug carfilzomib with Celgene’s Revlimid (lenalidomide) and a low dose of dexamethasone in patients with myeloma. All participants in the study showed a reduction of their disease of at least 50%. Results of the study were presented Tuesday at the American Society of Hematology’s annual meeting.
“The combination treatment appears to deliver everything we expected and more,” Comprehensive Cancer Center multiple myeloma program director Andrzej Jakubowiak said in a statement. “We have seen no neurotoxicity and fantastic efficacy, the best reported to date.”
According to news reports, Onyx plans to file for regulatory approval of carfilzomib in the middle of next year.
Tops opens first stand-alone gas station
WILLIAMSVILLE, N.Y. — Supermarket retailer Tops Friendly Markets has opened its first stand-alone gas station at the site of a former Valero gas station, the chain said.
Tops, which operates 132 supermarkets in upstate New York and northern Pennsylvania, said the gas station has six pumps and a 1,600-sq.-ft. convenience store, rebranded as Tops Fresh Xpress.
“Ideally, we’d like to sell fuel on-site at all existing Tops stores,” Tops president and CEO Frank Curci stated. “When that isn’t possible, we’ll carefully consider other opportunities to best serve our customers.”